Mortgages

Offset Mortgage calculator



The offset calculator is designed to provide an overview of the amount of interest you could save on a monthly basis and over the term of your interest-only Offset Mortgage by offsetting your current account and savings balances.

Warning - the information provided by this tool is for illustrative purposes only and is not a precise calculation. This information does not include all of the details you need to select a mortgage or compare mortgages. Make sure you read the separate Key Facts Illustration before you choose a mortgage.

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Calculator Assumptions

  • Interest rate - the calculator assumes that the interest rate will remain the same for the term of the mortgage
  • Length of month - months are of equal length and are set at 30.4 days so the monthly interest will not differ
  • Rounding of payment amounts - amounts are rounded up or down accordingly for display purposes
  • Interest - interest is calculated daily and added monthly
  • Amount of interest saved - interest saved is rounded up or down accordingly for display purposes
  • Total savings balance - the calculator assumes that the total savings balance illustrated is held in a linked account(s) and remains constant throughout the term of the mortgage. If the total savings balance is increased/decreased on an adhoc basis the monthly interest payments will also increase/decrease respectively.
  • Mortgage amount - as this is an interest only mortgage, at the end of the mortgage term there will still be an outstanding balance of the original mortgage amount. You must ensure you have a repayment plan in place to repay this balance.

Warning - the information provided by this tool is for illustrative purposes only and is not a precise calculation. This information does not include all of the details you need to select a mortgage or compare mortgages. Make sure you read the separate Key Facts Illustration before you choose a mortgage.


Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.


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08 456 100 103


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08 456 100 173




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